The concept of General Average is more than just an ancient maritime tradition; it is a sophisticated risk-sharing mechanism that remains vital in the era of mega-container ships. As maritime adventures become larger and more complex, the legal nuances of General Average dictate how billions of dollars in potential losses are distributed among stakeholders. This […]
Introduction The complex structure of maritime transport and the unpredictable events that may occur at sea have made maritime accidents one of the most significant risk areas in commercial activity. Maritime accidents may take the form of collisions, sinking, grounding, fire, cargo loss, and more. When such accidents occur, the ensuing liabilities and compensation regime […]